Bloomberg: Argentina Inflation Sped Up for Fifth Straight Month in January

[ElQueso]

Bloomberg article talking about how inflation is heating back up.

https://www.bloomberg.com/news/articles/2026-02-10/argentina-inflation-sped-up-for-fifth-straight-month-in-january?taid=698b8672f697640001af28e8&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter&embedded-checkout=true

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[Peabody]

Inflation doesn't seem to be the #1 priority anymore but I guess that was the only thing Milei had going for him.

 

[Jeb Spencer]

I don't know why people aren't talking more about inflation. Cost of stuff here has gone haywire. The cost of a haircut has doubled over the past year. These bogus numbers from INDEC of only 32% are not realistic. Forget their fantasy stated goal of 10% in 2026. More wishful thinking.

Took my kids to get a haircut and the price just in 3 months went up 75%. The price of everything has gone up. My accountant raised her prices from 25,000 last year in February to 75,000 now a year later.

My kids school went up 30% for the first quarter of 2026 and they just said the 2nd quarter is going up an extra 30% more. That is 120% annualized! Prices keep going up. A lot of people are in denial right now.

 

[import export]

I don't know why people aren't talking more about inflation. Cost of stuff here has gone haywire. The cost of a haircut has doubled over the past year. These bogus numbers from INDEC of only 32% are not realistic. Forget their fantasy stated goal of 10% in 2026. More wishful thinking.

Took my kids to get a haircut and the price just in 3 months went up 75%. The price of everything has gone up. My accountant raised her prices from 25,000 last year in February to 75,000 now a year later.

My kids school went up 30% for the first quarter of 2026 and they just said the 2nd quarter is going up an extra 30% more. That is 120% annualized! Prices keep going up. A lot of people are in denial right now.

I don't know how the masses are making it right now. My friends there are all complaining. Wages are going up but not at all with the true cost of inflation. This won't end up well.

 

[Floripa]

I don't know why people aren't talking more about inflation. Cost of stuff here has gone haywire. The cost of a haircut has doubled over the past year. These bogus numbers from INDEC of only 32% are not realistic. Forget their fantasy stated goal of 10% in 2026. More wishful thinking.

Took my kids to get a haircut and the price just in 3 months went up 75%. The price of everything has gone up. My accountant raised her prices from 25,000 last year in February to 75,000 now a year later.

My kids school went up 30% for the first quarter of 2026 and they just said the 2nd quarter is going up an extra 30% more. That is 120% annualized! Prices keep going up. A lot of people are in denial right now.

I honestly don’t understand how people are making it to the end of the month in Argentina right now. My brother moved last year from BA to Brazil last year. He is very happy he moved.

He forwards me advertisement emails he gets from supermarkets in Buenos Aires and we just laugh. The prices are truly insane. If he stayed in Argentina he would have lost 25% of his purchasing power this year alone, on top of everything already lost since Milei took office. And that’s assuming you can fully trust INDEC’s numbers (which you can't). Given how expensive basic food has become, it’s hard not to question whether the official data really reflects what people are actually paying.

Brazil has plenty of problems too, no doubt. But here, the power stays on in the summer. The utility bills don’t skyrocket unpredictably. That alone is a huge stress reliever he mentioned. The cost of medications have skyrocketed in Argentina which was also stressful for him as he has a few conditions.

Groceries, appliances, furniture, electronics are cheaper in Brazil. Stores run actual promotions and sales. In Argentina the stores mark up the items and then say they are on sale. Or you have to use a specific card on a specific day or other nonsense.

Common items like mouthwash, toothpaste, shampoo, shaving cream in Argentina are outrageous compared to Brazil. I see people are falling down on paying their bills on time in Argentina.

Many businesses are going out of business because of the high cost of electricity. Any many places my brother told me don't even turn on the AC in the summer at all.

Brazil may be labeled many things politically, but the basics function. The economy feels stable enough to plan around. In Argentina, it still feels like ordinary people are absorbing enormous costs with little visible payoff so far.

 

[oil rush]

I honestly don’t understand how people are making it to the end of the month in Argentina right now. My brother moved last year from BA to Brazil last year. He is very happy he moved.

He forwards me advertisement emails he gets from supermarkets in Buenos Aires and we just laugh. The prices are truly insane. If he stayed in Argentina he would have lost 25% of his purchasing power this year alone, on top of everything already lost since Milei took office. And that’s assuming you can fully trust INDEC’s numbers (which you can't). Given how expensive basic food has become, it’s hard not to question whether the official data really reflects what people are actually paying.

Brazil has plenty of problems too, no doubt. But here, the power stays on in the summer. The utility bills don’t skyrocket unpredictably. That alone is a huge stress reliever he mentioned. The cost of medications have skyrocketed in Argentina which was also stressful for him as he has a few conditions.

Groceries, appliances, furniture, electronics are cheaper in Brazil. Stores run actual promotions and sales. In Argentina the stores mark up the items and then say they are on sale. Or you have to use a specific card on a specific day or other nonsense.

Common items like mouthwash, toothpaste, shampoo, shaving cream in Argentina are outrageous compared to Brazil. I see people are falling down on paying their bills on time in Argentina.

Many businesses are going out of business because of the high cost of electricity. Any many places my brother told me don't even turn on the AC in the summer at all.

Brazil may be labeled many things politically, but the basics function. The economy feels stable enough to plan around. In Argentina, it still feels like ordinary people are absorbing enormous costs with little visible payoff so far.

Agree Floripa. I live in Brazil and agree with your brother. Brazil has its own problems. So do all of these Latin American countries but I go to BA every summer to visit friends and I was shocked with how many stores and shops didn't have the AC running in the middle of February which is a very hot and humid time of year. This is unheard of in all my visits to BA.

I asked a few stores what was going on and they said they were trying to save money. Just totally outrageous for a shop or restaurant not to be able to turn on their AC in summer. This tells me how bad the issues are there.

 

[Uncle Wong]

Agree Floripa. I live in Brazil and agree with your brother. Brazil has its own problems. So do all of these Latin American countries but I go to BA every summer to visit friends and I was shocked with how many stores and shops didn't have the AC running in the middle of February which is a very hot and humid time of year. This is unheard of in all my visits to BA.

I asked a few stores what was going on and they said they were trying to save money. Just totally outrageous for a shop or restaurant not to be able to turn on their AC in summer. This tells me how bad the issues are there.

I am reading on X more and more Argentines complaining about high electricity prices. Apparently it went up 400% or more since Milei started. I saw one business owner posting his bill for his commercial store. People didn't believe him but he posted his bill and I was surprised. These prices are USA type prices now per kWh when you factor in all the prices and taxes. Hard to believe on what small salaries they make.

 

[Cardiac Arrest]

I am reading on X more and more Argentines complaining about high electricity prices. Apparently it went up 400% or more since Milei started. I saw one business owner posting his bill for his commercial store. People didn't believe him but he posted his bill and I was surprised. These prices are USA type prices now per kWh when you factor in all the prices and taxes. Hard to believe on what small salaries they make.




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And actually the electricity is much cheaper in CABA vs. outside in other cities. My friend in Cordoba told me he is paying 27 cents per kwh there which seems like it's double CABA prices.